PPP Loan information for Paul a. schmitt music company

$1,772,227

Paul a. schmitt music company was initially approved for PPP Loan of amount $1,772,227, the current approved amount is $1,772,227. The loan was approved on 01/27/2021 by The First Business Bank reported 174 jobs and $1,772,227 was used to fund payroll.

Paul a. schmitt music company is Existing or more than 2 years old

PPP Loan Search / MN / Brooklyn Center / Paul a. schmitt music company

PAUL A. SCHMITT MUSIC COMPANY

Date Approved

01/27/2021

SBA Office Code

0508

Processing Method

PPS

Borrower Name

PAUL A. SCHMITT MUSIC COMPANY

Borrower Address

2400 Freeway Blvd

Borrower City

Brooklyn Center

Borrower State

MN

Borrower Zip

55430-1709

Loan Status Date

03/10/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1772227.00

Current Approval Amount

1772227.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

76065

Servicing Lender Name

First Business Bank

Servicing Lender Address

401 Charmany Dr

Servicing Lender City

MADISON

Servicing Lender State

WI

Servicing Lender Zip

53719-1272

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Brooklyn Center

Project County Name

HENNEPIN

Project State

MN

Project Zip

55430-1709

CD

MN-05

Jobs Reported

174

NAICS Code

451140

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1772225.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

76065

Originating Lender

First Business Bank

Originating Lender City

MADISON

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1790871.80

Forgiveness Date

03/01/2022

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